🚨GOOD NEWS!
1/
BTC NOT out of woods but making case again
#BTC hasn't closed above weekly RED MOV since April
#BITCOIN consolidation 19k, as we called long ago
RSI Positive divergence
BUY VOLUME good, volume in general = good
Still think 24k on table
2/
Weekly #FuturesTradingBTC shows what SPOT doesn't
IMO STOP USING SPOT #BTC as main source!
Volume shows NOTHING on spot
However, look at #Bitcoin futures
Volume picked up & good amount of buying
We're @ inflection point, very soon we'll see IF THIS IS BOTTOM
1/
BTC NOT out of woods but making case again#BTC hasn't closed above weekly RED MOV since April
#BITCOIN consolidation 19k, as we called long ago
RSI Positive divergence
BUY VOLUME good, volume in general = good
Still think 24k on table
2/
Weekly #FuturesTrading
BTC shows what SPOT doesn'tIMO STOP USING SPOT #BTC as main source!
Volume shows NOTHING on spot
However, look at #Bitcoin futures
Volume picked up & good amount of buying
We're @ inflection point, very soon we'll see IF THIS IS BOTTOM
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.